Bucket Elevator Market Size, Share, Opportunities, And Trends By Type (Centrifugal, Bucket Elevator, Continuous Bucket Elevator, Positive Discharge Bucket Elevator), By Bucket Type (Metallic, Non-Metallic, Welded Steel Bucket), By End-User (Energy & Power, Paper & Pulp, Chemical, Agriculture, Mining, Others), And By Geography - Forecasts From 2023 To 2028

The bucket elevator market is expected to show steady growth during the forecast period.

A bucket elevator is a type of mechanical conveying system that is utilized for transferring bulk materials vertically, such as grains, seeds, fertilizers, and other granular materials. It is made up of a series of buckets connected to a belt or chain that moves in a continuous loop, enabling materials to be lifted and discharged at various levels. Bucket elevators are commonly used in industries such as agriculture, mining, and manufacturing to effectively transport materials between various sections. The establishment of animal feed and chemical manufacturing plants has contributed to the expansion of the bucket elevator market.

Market Driver

• Animal feed manufacturing plant establishment bolsters the bucket elevator market growth.

Bucket elevators are designed to transport bulk materials vertically throughout agriculture manufacturing units, such as animal feed ingredients. They enable smooth and continuous feed ingredient movement, reducing the need for manual labor and shortening production time. Thismakes them an appealing option for manufacturers to adopt bucket elevators. The new establishment of an animal feed production facility pushes the bucket elevator market upwards. Therefore, in March 2023, Betagro PCL (BTG) expanded its agro-industrial business group’s supply chain with the establishment of an advanced animal feed mill in Nakhon Ratchasima. It is BTG’s third-largest feed mill, producing various kinds of animal feed for swine, laying hens, and broilers using IoT and automation technology.

• New chemical production plant establishment drives the bucket elevator market growth.

Bucket elevators are utilized in the production of fertilizers, where materials such as urea, ammonium nitrate, or detergent powder need to be transported vertically. The elevator lifts these chemical materials from one level to another, facilitating the manufacturing process. In chemical manufacturing plants, bucket elevators provide a significant solution for chemical material handling. Due to these factors, there is a growing demand for bucket elevators in newly established chemical production units. This bolsters the growth of the bucket elevator market. For instance, in July 2022, the Chief Minister of Uttar Pradesh inaugurated Unilever India Limited’s (UIL) new factory in Sumerpur. The new unit manufactures spray-dried detergent powder with automated storage and retrieval systems. HUL plans to invest Rs 700 crore in Sumerpur by 2025.

• Technology advancements in bucket elevators accelerated the growth of the bucket elevator market.

The implementation of automation and control systems in bucket elevators with advanced sensors, feedback systems, and programmable logic controllers allows for accurate and coordinated grain movement. This automation reduces human error, improves operational safety, and optimizes the handling process which increases the adoption of bucket elevators in the agriculture industry. Moreover, Guttridge Limited provides Carier Bucket Elevators that are primarily aimed at commercial grain stores and large farm markets where frequent usage is required during harvest. It comes with advanced rotation under speed sensors to monitor belt slippage and bearing temperature sensors that provide early warning of bearing failure.

Asia Pacific is expected to grow significantly.

Asia Pacific is projected to account for a significant share of the bucket elevator market due to various efforts performed in the establishment of animal feed and chemical manufacturing plants. For instance, in October 2023, De Heus Animal Nutrition opened a cutting-edge plant in Vividha Industrial Park, Rajpura, Punjab. This helps to produce high-quality animal feed and implement best farming practices to help farmers increase their revenue. In November 2022, The Ramagundam Fertilizers and Chemicals Limited (RFCL) plant was established for the nation by the Prime Minister of India. The plant produces approximately 3,850 metric tons of urea and more than 2,000 metric tons of ammonia per day. Additionally, AB Agri opened a new 240,000-tonne capacity animal feed mill in Tongchuan City, Shaanxi Province, China, to expand its manufacturing capacity in the region. It is China's second-largest facility, with separate manufacturing facilities for swine and ruminant feeds.

Market Restraints

• High maintenance will retrain the growth of the bucket elevator market.

Bucket elevators require routine maintenance to ensure smooth operation and minimize downtime which increases the operation cost. This may limit the adoption of bucket elevators in numerous industries which may affect the market growth.

Market Development

• March 2022- 4B Group announced the launch of its Nylathane the next generation of industrial elevator buckets designed for maximum durability and efficiency. Using Nylathane instead of steel can reduce part weight by up to 75%. Nylathane buckets are available in AA, AC, and MF styles and can be used with belt or chain bucket elevators.

Company Products

• Central Chain Bucket Elevator- Beumer Group offered a central chain bucket elevator that was designed specifically for maximum conveyor performance. Depending on the design, large center distances can be achieved, and conveyed volumes can reach 1,900 m3/h depending on bucket width. It includes vertical transport of hot bulk material with grain sizes up to 100 mm and various chain sizes with breaking forces up to 2,500 kN.
• EF Bucket Elevator- The Cimbria EF bucket elevator is intended for the vertical transport of loose bulk materials such as grain. The EF elevator is designed for use in an industrial setting.  It features rotation detection, bearing heat detection (optional), and misalignment detectors. Its completely enclosed structure is divided into modular sections consisting of a head section, leg section, and boot section.
• Series SC Chain Elevator- Martin Sprocket & Gear, Inc. provides the SC chain elevator series which is designed to handle friable, heavy, or abrasive materials commonly found in the aggregate and cement industries. Its buckets are suspended between two strands of chain and project back towards the elevator's center. This allows them to carry a much larger capacity and larger lump sizes due to their deeper design. It is designed to handle free-flowing materials with particles ranging from fines up to heavy lumps.
• HiLoad Bucket Elevator- The Guttridge HiLoad Bucket Elevator is a recognized, high-efficiency design designed for heavy-duty grain storage, animal feed milling, and general industrial markets. Its head and boot designs have been optimized to work with modern, high-efficiency bucket systems. It contains an IP55 electric motor with Vee-belt drive to the shaft-mounted gearbox with standard general-purpose SBR belting.

Segmentation

• By Type
  • Centrifugal Bucket Elevator
  • Continuous Bucket Elevator
  • Positive Discharge Bucket Elevator
• By Bucket Type
  • Metallic
  • Non-Metallic
  • Welded Steel Bucket
• By End-User
  • Energy & Power
  • Paper & Pulp
  • Chemical
  • Agriculture
  • Mining
  • Others
• By Geography
  • North America
    • USA
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • Germany
    • UK
    • France
    • Spain
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Others
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • India
    • Indonesia
    • Others

1. INTRODUCTION

1.1. Market Overview

1.2. Market Definition

1.3. Scope of the Study

1.4. Market Segmentation

1.5. Currency

1.6. Assumptions

1.7. Base, and Forecast Years Timeline

2. RESEARCH METHODOLOGY  

2.1. Research Data

2.2. Research Process

3. EXECUTIVE SUMMARY

3.1. Research Highlights

4. MARKET DYNAMICS

4.1. Market Drivers

4.2. Market Restraints

4.3. Market Opportunities

4.4. Porter’s Five Force Analysis

4.4.1. Bargaining Power of Suppliers

4.4.2. Bargaining Power of Buyers

4.4.3. Threat of New Entrants

4.4.4. Threat of Substitutes

4.4.5. Competitive Rivalry in the Industry

4.5. Industry Value Chain Analysis

4.6. Forward Proxy

5. BUCKET ELEVATOR MARKET BY TYPE

5.1. Introduction

5.2. Centrifugal Bucket Elevator

5.3. Continuous Bucket Elevator

5.4. Positive Discharge Bucket Elevator

6. BUCKET ELEVATOR MARKET BY BUCKET TYPE

6.1. Introduction

6.2. Metallic

6.3. Non-Metallic

6.4. Welded Steel Bucket 

7. BUCKET ELEVATOR MARKET BY END-USER

7.1. Introduction

7.2. Energy & Power

7.3. Paper & Pulp

7.4. Chemical

7.5. Agriculture

7.6. Mining

7.7. Others

8. BUCKET ELEVATOR MARKET BY GEOGRAPHY

8.1. Introduction

8.2. North America

8.2.1. USA

8.2.2. Canada

8.2.3. Mexico

8.3. South America

8.3.1.  Brazil

8.3.2. Argentina

8.3.3. Others

8.4. Europe

8.4.1. Germany

8.4.2. UK

8.4.3. France

8.4.4. Spain

8.4.5. Others

8.5. Middle East and Africa

8.5.1. Saudi Arabia

8.5.2. UAE

8.5.3. Others

8.6. Asia Pacific

8.6.1. China

8.6.2. Japan

8.6.3. South Korea

8.6.4. India

8.6.5. Indonesia

8.6.6. Others

9. COMPETITIVE ENVIRONMENT AND ANALYSIS

9.1. Major Players and Strategy Analysis

9.2. Market Share Analysis

9.3. Mergers, Acquisitions, Agreements, and Collaborations

10. COMPANY PROFILES

10.1. Martin Sprocket & Gear, Inc.

10.2. Frazier & Son

10.3. FEECO International Inc.

10.4. Sweet Manufacturing Company

10.5. Beumer Group

10.6. CImbra (AGCO Corporation)

10.7. Guttridge

10.8. Rieco Industries Limited.

Martin Sprocket & Gear, Inc.

Frazier & Son

FEECO International Inc.

Sweet Manufacturing Company

Beumer Group

CImbra (AGCO Corporation)

Guttridge

Rieco Industries Limited.